Updated Dec 19, 2023
Group Twenty Six, LLC Facilitates $1.4M Multifamily Sale In Cliffside Park, NJ
570 Kearney Ave, Cliffside Park, NJ, USA
$1,395,000
$1,069/SF
Building Size
1,305 SF
Asset Type
MultiFamily
Closing
Apr 13, 2021
About this deal
AI
A multifamily property located at 570 Kearney Ave in Cliffside Park, NJ was recently sold for $1,395,000. The transaction took place on April 14, 2021. The property, represented by Christian Mesias of Group Twenty Six, LLC, offers a prime investment opportunity in the Cliffside Park market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,395,000
Christian Mesias of Group Twenty Six, LLC played a crucial role as the broker in the transaction. With their expertise, they successfully facilitated the sale of the multifamily property at 570 Kearney Ave in Clifffside Park, NJ.
Players
Cliffside Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93